Regulation· ★★★· bearish·

Bulgaria requires crypto firms to report user transactions

  • —Crypto firms in Bulgaria must report client transaction data to authorities
  • —Tax rules were tightened, especially for withdrawals to self-custody wallets
  • —The law continues the EU trend toward tax transparency for crypto services
  • —Effective date and reporting thresholds are not specified
Why it matters: Tighter tax oversight in the EU raises compliance burdens for exchanges and may push users to reconsider moving funds into self-custody.
Source: Bitcoin Insider
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